Short Interest in Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) Declines By 25.9%

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 5,414 shares, a drop of 25.9% from the December 15th total of 7,307 shares. Based on an average daily volume of 10,739 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 10,739 shares, the days-to-cover ratio is currently 0.5 days.

Invesco S&P SmallCap Health Care ETF Price Performance

PSCH traded down $0.38 on Friday, hitting $44.67. The company had a trading volume of 7,183 shares, compared to its average volume of 9,380. Invesco S&P SmallCap Health Care ETF has a 1-year low of $36.69 and a 1-year high of $49.00. The company’s fifty day moving average price is $44.79 and its 200 day moving average price is $42.15. The stock has a market cap of $148.30 million, a price-to-earnings ratio of 21.94 and a beta of 0.91.

Institutional Investors Weigh In On Invesco S&P SmallCap Health Care ETF

Large investors have recently made changes to their positions in the company. G&S Capital LLC bought a new stake in shares of Invesco S&P SmallCap Health Care ETF in the third quarter worth $3,054,000. Virtu Financial LLC increased its position in Invesco S&P SmallCap Health Care ETF by 11.5% during the third quarter. Virtu Financial LLC now owns 30,962 shares of the company’s stock worth $1,288,000 after buying an additional 3,189 shares during the last quarter. Bank of America Corp DE raised its stake in Invesco S&P SmallCap Health Care ETF by 4.7% in the third quarter. Bank of America Corp DE now owns 25,983 shares of the company’s stock valued at $1,081,000 after buying an additional 1,157 shares during the period. Royal Bank of Canada raised its stake in Invesco S&P SmallCap Health Care ETF by 1.5% in the first quarter. Royal Bank of Canada now owns 24,666 shares of the company’s stock valued at $1,067,000 after buying an additional 374 shares during the period. Finally, IHT Wealth Management LLC lifted its position in shares of Invesco S&P SmallCap Health Care ETF by 72.4% in the second quarter. IHT Wealth Management LLC now owns 24,569 shares of the company’s stock valued at $984,000 after buying an additional 10,315 shares during the last quarter.

About Invesco S&P SmallCap Health Care ETF

PowerShares S&P SmallCap Health Care Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the index called the S&P SmallCap 600 Capped HealthCare Index (the Underlying Index). The Underlying Index consists of common stocks of the United States healthcare companies. These are companies that are principally engaged in the business of providing healthcare-related products and services, including biotechnology, pharmaceuticals, medical technology and supplies, and facilities.